USD COIN - USDC/USD - 1H - Technical analysis published on 03/14/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
17%
22%
61%
My opinion
Bearish under 0.999801 USD
My targets
0.995621 USD (-0.40%)
0.967700 USD (-3.20%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on USD COIN - USDC/USD as long as the price remains well below 0.999801 USD. The next bearish objective for sellers is set at 0.995621 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.967700 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
5.5
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This analysis was given by Londinia.
Additional analysis
Quotes
USD COIN - USDC/USD rating 0.999641 USD. On the day, this instrument lost -0.01% and was between 0.999416 USD and 1.000000 USD. This implies that the price is at +0.02% from its lowest and at -0.04% from its highest.0.999416
1.000000
0.999641
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by USD COIN - USDC/USD:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Abnormal volumes on USD COIN - USDC/USD were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of this 1H chart of USD COIN - USDC/USD indicates that the overall trend is strongly bearish. 89.29% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
On the 18 technical indicators analysed, 3 are bullish, 11 are neutral and 4 are bearish. Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.967700 | 0.995621 | 0.998820 | 0.999641 | 0.999644 | 0.999801 | 0.999939 |
| Change (%) | -3.20% | -0.40% | -0.08% | - | +0.00% | +0.02% | +0.03% |
| Change | -0.031941 | -0.004020 | -0.000821 | - | +0.000003 | +0.000160 | +0.000298 |
| Level | Minor | Minor | Minor | - | Major | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.998965 | 0.999261 | 0.999509 | 0.999805 | 1.000053 | 1.000349 | 1.000597 |
| Camarilla | 0.999606 | 0.999656 | 0.999706 | 0.999756 | 0.999806 | 0.999856 | 0.999906 |
| Woodie | 0.998940 | 0.999249 | 0.999484 | 0.999793 | 1.000028 | 1.000337 | 1.000572 |
| Fibonacci | 0.999261 | 0.999469 | 0.999598 | 0.999805 | 1.000013 | 1.000142 | 1.000349 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.989650 | 0.992635 | 0.996314 | 0.999299 | 1.002978 | 1.005963 | 1.009642 |
| Camarilla | 0.998159 | 0.998770 | 0.999381 | 0.999992 | 1.000603 | 1.001214 | 1.001825 |
| Woodie | 0.989996 | 0.992809 | 0.996660 | 0.999473 | 1.003324 | 1.006137 | 1.009988 |
| Fibonacci | 0.992635 | 0.995181 | 0.996754 | 0.999299 | 1.001845 | 1.003418 | 1.005963 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.984876 | 0.988315 | 0.994047 | 0.997486 | 1.003218 | 1.006657 | 1.012389 |
| Camarilla | 0.997256 | 0.998097 | 0.998937 | 0.999778 | 1.000619 | 1.001459 | 1.002300 |
| Woodie | 0.986022 | 0.988888 | 0.995193 | 0.998059 | 1.004364 | 1.007230 | 1.013535 |
| Fibonacci | 0.988315 | 0.991819 | 0.993983 | 0.997486 | 1.000990 | 1.003154 | 1.006657 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 50.43 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | -10.041747 | |
| AROON (14): | 7.142857 | |
| DEMA (21): | 0.999814 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.999461 | |
| Elder Ray (13): | -0.000009 | |
| Super Trend (3,10): | 1.000181 | |
| Zig ZAG (10): | 0.999855 | |
| VORTEX (21): | 0.9777 | |
| Stochastique (14,3,5): | 66.84 | |
| TEMA (21): | 0.999815 | |
| Williams %R (14): | -21.40 | |
| Chande Momentum Oscillator (20): | -0.000039 | |
| Repulse (5,40,3): | -0.0035 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0002 | |
| Courbe Coppock: | 0.00 |
| MA7: | 0.999878 | |
| MA20: | 0.999898 | |
| MA50: | 0.999993 | |
| MA100: | 1.000058 | |
| MAexp7: | 0.999804 | |
| MAexp20: | 0.999820 | |
| MAexp50: | 0.999833 | |
| MAexp100: | 0.999851 | |
| Price / MA7: | -0.02% | |
| Price / MA20: | -0.03% | |
| Price / MA50: | -0.04% | |
| Price / MA100: | -0.04% | |
| Price / MAexp7: | -0.02% | |
| Price / MAexp20: | -0.02% | |
| Price / MAexp50: | -0.02% | |
| Price / MAexp100: | -0.02% |
Quotes :
-
Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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